Mobile Home in All-Age
110-890 38th Ave Santa Cruz, CA 95062
For Sale
$298,000
Single-wide converted to three bedrooms with one bath, plus two-car parking, a small yard, and shed in an all-age park.
Property Size600 SF
Price / SF$496.67
Days on Market28
Property Features for 110-890 38th Ave
General Information
Standard status
Active
Size
600 SF
Property subtype
Manufactured In Park
Listing Agency:
Compass
(831) 818-7372
Listed By:
Michele Replogle · License #01454037
(831) 818-7372
Source:
Exprealty
Added: Jul 2
Changed: Jul 22
Last Checked: Jul 27 at 1:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
A small but functional mobile home originally a single wide that has been expanded with an added living room and an extra bedroom. The home currently operates as a three-bedroom, one-bath layout. Outside, it includes two-car parking and a small backyard with a shed.
This is located in an all-age park where the park bills electricity, water, and gas on a sub-metered basis. Sewer is included in the park rent, and garbage is separate. Long-term rentals only are permitted, and park approval is required.
Park operations also note a current space rent level, though specific ownership and financing details are not provided. Interested parties should plan on the approval process prior to moving forward.
This is located in an all-age park where the park bills electricity, water, and gas on a sub-metered basis. Sewer is included in the park rent, and garbage is separate. Long-term rentals only are permitted, and park approval is required.
Park operations also note a current space rent level, though specific ownership and financing details are not provided. Interested parties should plan on the approval process prior to moving forward.
Key Highlights
- Converted single‑wide with 3 bedrooms and 1 bath
- Two‑car parking plus small backyard with a shed
- All‑age park; park approval required
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $48.00 |
| − Vacancy | −$720 | −$1.20 |
| EGI | $28.1k | $46.80 |
| − OpEx | −$12.6k | −$21.06 |
| NOI | $15.4k | $25.74 |
600 SF · lease $48.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$220.6K
$193.1K – $257.4K
NOI $15,444 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$343.1K
$300.2K – $400.3K
NOI $24,016 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Single-wide converted to three bedrooms with one bath, plus two-car parking, a small yard, and shed in an all-age park.
Where is this mobile home & rv park located?
The property is located at 110-890 38th Ave Santa Cruz, CA.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Converted single‑wide with 3 bedrooms and 1 bath; Two‑car parking plus small backyard with a shed; All‑age park; park approval required
